Morgan Stanley raised the firm’s price target on Wayfair (W) to $70 from $50 and keeps an Overweight rating on the shares. The price target update reflects a more benign tariff outlook and the reduced likelihood of a consumer goods-led recession near-term, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on W: